Question & Answer: Which of the following is not one of the objectives in utilizing standard costs?…..

Which of the following is not one of the objectives in utilizing standard costs?

Select one:

a. To simplify costing procedures and expedite cost reports.

b. To allow management to readily determine and focus attention on special problem areas.

c. To allow a measure of cost assuming ideal or perfect operating conditions.

d. To provide a measure of budgeted cost for a single unit of activity.

Expert Answer

 

a. To simplify costing procedures and expedite cost reports.-Cost reports

b. To allow management to readily determine and focus attention on special problem areas.-Focus

c. To allow a measure of cost assuming ideal or perfect operating conditions.-standard costs

d. To provide a measure of budgeted cost for a single unit of activity.-Budgeted cost

So the option is C.To allow a measure of cost assuming ideal or perfect operating conditions.

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